Sanima GIC Insurance Solicits Bids for 235,448 Promoter Shares at Base Price of NPR 258

15th October 2026, Kathmandu

Sanima GIC Insurance Limited has placed 235,448 units of promoter shares up for auction through a sealed-bid bidding process managed by Sanima Capital Limited.

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Sanima GIC Solicits Bids

Auction Framework, Pricing Terms, and Application Timeline

The non-life insurance company initiated the promoter share sale process to eligible individual, corporate, and institutional investors under capital market regulatory guidelines.

• Total Offer Units: Selling a total of 235,448 units of promoter (founder) shares through a confidential sealed-bid auction mechanism.
• Minimum Bid Floor Price: Fixed the baseline minimum price at NPR 258 per share, requiring applicants to quote at or above this threshold.
• Bid Quantity Thresholds: Interested buyers must apply for a minimum of 5,000 units, with an upper limit set to the total available 235,448 units subject to regulatory promoter holding limits.
• Application Submission Window: The official bidding period opens on Kartik 9, 2083 (October 26, 2026) and closes on Kartik 12, 2083 (October 29, 2026).
• Bid Application Fee: Bidders must pay an application form fee of NPR 100 per copy.
• Document Collection Point: Application forms can be obtained from and submitted to Sanima Capital Limited, located at Sama Marg, Naxal-1, Kathmandu.
• Financial Proof Mandate: Applicants must submit proof of full payment for the requested share quantity and applicable processing fees along with their bid forms.
• Allocation Hierarchy: Offered shares will be allocated based on competitive price prioritization starting from the highest bidder downward.
• Sealed-Bid Opening Date: The bid forms will be formally opened on Kartik 13, 2083 (October 30, 2026) at 11:00 AM at the office premises of Sanima Capital Limited.

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